Do you want an Advantage for your Buyers in Multiple Offer Situations? Are You Tired of losing out in these situations?

Three weeks ago I started informing real estate agents, who had buyers in process with me, that I would be able to close on a purchase transaction in 30 days or less.

My purpose for doing this was to increase the chances of having our mutual client’s offer accepted. If competing offers were coming in from buyers being represented by a Bank or a Broker I knew that their offers would include a 45 to 60 day close.

Based on my suggestion, an offer was made for a client based on a 30 day close. The offer was accepted over 2 completing offer and we are now 2 weeks into a 30 day escrow. We will have loan documents by Friday so we will definitely make the 30 day time frame. Everyone involved is thrilled.

Mortgage California has created our own Appraisal department so we have more control over the appraisers being used than any Bank or Broker could have. This means that we will use an appraiser familiar with the area and never will send an appraiser from San Jose to do an appraisal in Lafayette (one Bank I know of did that and the transaction collapsed due to Bank inefficiency) and the appraisal would be completed within a reasonable time frame.

There are a few limitations: max loan is $729,750; application and documentation must be in my hands before the offer is made; there must be at least a 20% down payment; no FHA or VA loans; condos and townhouses may take a few days longer; if the property is an REO the process may take longer due to the Bank but not me. There are a few other items but those are the major limitations.

The current market in many areas, and price points, is very competitive. I am seeing many multiple offers, so 30 day timing and early release of contingencies are a definite advantage for you and your clients.

So if you want to give your Buyers a greater chance of having their offer accepted, please let me call them. Even if they are currently working with a Bank or a Broker I would still love to see if I can help YOU get their offer accepted and get the transaction closed.

As always, email tom@afirealestate.com to continue the discussion.  We look forward to hearing from you.